CNN launched its streaming service, CNN+, on Mar. 29. Three weeks later, the network is already pulling the plug on its $100 million investment — the most spectacular media failure in recent history. On Thursday, CNN’s incoming chief executive Chris Licht issued a memo announcing the plan to shut down… Read More
Average long-term mortgage rates reach 12-year high
Long-term U.S. mortgage rates rose for the seventh straight week, climbing to their highest level in more than a decade. The average rate on a 30-year mortgage rose to 5.11% from 5% last week, mortgage buyer Freddie Mac reported Thursday. The last time it was higher was in April of… Read More
13 Larry Nassar victims seek $130M for bungled FBI probe
White is not suing the FBI yet. Under federal law, tort claims must be a filed with a government agency, which then has six months to reply. A lawsuit could follow, depending on the FBI’s response. “No one should have been assaulted after the summer of 2015 because the FBI… Read More
Musk lawyer says gag order would violate free speech
Elon Musk’s lawyer says a federal judge would trample on the Tesla CEO’s free speech rights if he ordered Musk to stop talking about 2018 tweets saying he had the funding to make Tesla a private company. In a court document filed Wednesday, lawyer Alex Spiro says a motion from… Read More
Easter sees rash of virus-themed candles
Inside Greece’s Orthodox churches, candles are a symbol of faith and simplicity, slender and traditionally made of beeswax, and placed in large candleholders filled with sand. Outside, buyers are looking for a wow-factor to go with Easter gifts: They are sold with dolls, watches and karaoke microphones, or fashioned using… Read More
Struggling Netflix aims to curtail password sharing, considers ads
An unexpectedly sharp drop in subscribers has Netflix considering changes it has long resisted: Minimizing password sharing and creating a low-cost subscription supported by advertising. Looming changes announced late Tuesday are designed to help Netflix regain momentum lost over the past year. Pandemic-driven lockdowns that drove binge-watching have lifted, while… Read More
Dems wild 2022 election plan leaks
by Frank Holmes, reporter Democrats have a serious problem on their hands in this November’s midterm elections: In order to save their job, they have to say that they’re doing great. Everything — from inflation, to immigration, to keeping kids masked in public — says that’s not going to work…. Read More
Twitter anxiously awaits Musk’s next move…
Twitter has dropped a major roadblock in front of Elon Musk’s effort to take over the company, leaving investors to wonder about the mercurial Tesla CEO’s next move. The social media company has adopted a “poison pill” defense that makes it difficult for Musk or any other investor to buy… Read More
NASA moon rocket faces more flight delays, repairs
The flight debut of NASA’s mega moon rocket faces additional delays following a string of failed fueling tests. Officials said Monday it will be challenging to meet a launch window in early to mid-June. The next opportunity to send an empty capsule to the moon on a test flight would… Read More
Yellen to see Ukraine PM while avoiding Russians
Treasury Secretary Janet Yellen plans to meet with Ukrainian Prime Minister Denys Shmyhal during this week’s big meetings of global economic leaders in Washington — but she’ll be trying to avoid most contact with Russian officials who plan to attend some portions of the event virtually. The Russian invasion of… Read More
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